The pipeline is 3x covered. Two-thirds of it stopped moving in March.

Pipeline coverage measures how much is open, not how much is moving, and the gap between those two things is where most forecasts break.

Abstract bridge artwork for The pipeline is 3x covered. Two-thirds of it stopped moving in March.

A sales director shows you the number: £4.2m of open opportunity against a £1.4m quarter. Three times covered, comfortably ahead of the rule of thumb. Then the quarter lands at £900k, and the post-mortem finds that nothing was lost to a competitor and nothing was badly priced. The deals simply sat there. Most of them had sat there last quarter too. The coverage ratio is one of the most widely used numbers in commercial management and one of the easiest to misread, because it treats the pipeline as a store…

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